Registered Charity Number 1160521 CHESTNUTS COMMUNITY CENTRE EASTFIELD CIO FINANCIAL STATEMENTS ST FOR THE YEAR ENDED 31 MARCH 2024 Re¢yistered ChariTh' Number 1160521 CHESTNUTS COMMUNITY CENTRE EASTFIELD CIO INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 I report on the accounts of the trust for the year ended 31st March, 2024 which are set out on pages 3 to 9. Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144121 of the Charities Act 2011 (the 2011 Act} and that an independent examination is needed. It is my responsibility to.. examine the accounts under section 145 of the 2011 Act, to follow the procedures laid down in the general Directions given by the Charity Commission under section 145{5)Ib) of the 2011 Act., and to state whether particular matters have come to my attention. Basls of Independent examiner's report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below. Independent examiner's statement In connection with my examination, no matter has come to my attention.. (1} which gives me reasonable cause to believe that in any material respect the requirements.. to keep accounting records in accordance with section 130 of the 2011 Act, and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met., or 12) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. M.J. Ruffles F.C.A. Mark J. Ruffles & Co. Accountants 28th June, 2024 4 Baron Court Werrington Peterborough Reoisiered Charin Number 1160521 CHESTNUTS COMMUNITY CENTRE EASTFIELD CIO INCOME AND EXPENDITURE FOR THE YEAR ENDED 31ST MARCH 2024 2024 2023 Notes INCOMING RESOURCES Donations and grants received Hall hire Activity income 28,200 27,325 17,950 560 20,195 19,136 Incoming resources from charitable activities Other incoming resources 73,475 39,891 73,475 39,891 RESOURCES EXPENDED Cost of generating funds Governance costs Charitable activities 4,525 300 73,035 5,414 300 27,634 77,860 33,348 Net incomingl{outgoing) resources (4,385) 6,543 Funds brought foward 85,588 79,045 Funds carried forward £81,203 £85,588 There are no restricted funds Reoistered Charitt. Number 1160521 CHESTNUTS COMMUNITY CENTRE EASTFIELD CIO BALANCE SHEET AS AT 31ST MARCH 2024 Notes 2024 2022 FIXED ASSETS Tangible fixed assets 1,153 CURRENT ASSETS Cash at bank and in hand 91,563 84,795 CREDITORS.. amounts due within one year 360 360 81,203 84,435 NET ASSETS £91,203 £85,588 FINANCED BY. RESERVES Unrestricted funds General reserve Sinking funds repairs reserve 81,203 10,000 85,588 £91,203 £85,588 We approve these accounts and confirm that we have made available all relevant records and information for their preparation. Treasurer 28th June, 2024 Chairperson Regisiered CharitK' Number 1160521 CHESTNUTS COMMUNITY CENTRE EASTFIELD CIO NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024 1 ACCOUNTING POLICIES Accountin convention The financial statements have been prepared in accordance with the applicable accounting standards and the Charities accounting statement of recommended practice. Grants and voluntar income All grants and voluntary income are accounted for gross in the period to which they relate. Ex enditure All expenditure is accounted for gross in the period to which it relates. Dire charitable ex ens The directors consider that direct charitable expenditure includes all direct costs associated with the objects of the trust. De reciation Depreciation of tangible fixed assets is provided at the rates shown below so as to write off their cost over the estimated useful lives.. Rate Basis Equipment 25.00% Straight line Registered Chariti. Number l 160521 CHESTNUTS COMMUNITY CENTRE EASTFIELD CIO NOTES TO THE ACCOUNTS ST FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 2 INCOMING RESOURCES Voluntary income Grants received Donations received 28,200 560 28,200 560 Hall hire 27,325 20,195 Activity income Raffle Bingo Kitchen Number sheet Community events and fundays Sundry income 5,195 1,454 3,799 2,168 4,685 649 5,281 1,353 3,648 2,357 6,277 220 17,950 19,136 73,475 39,891 3 EXPENDITURE Cost of generating funds Raffle Bingo Kitchen 2,012 872 1,641 2,494 793 2,127 4,525 5,414 Governance costs Independent examination 300 300